Cabot and Formal Account Review

[SaltnVinegar]

Re: Cabot and Formal Account Review

That's what I thought I'd read elsewhere on here. I've on another thread about re-con's but it to over my head to question it when I've other more straight forward accounts and this one.....should be kept off my back now I've a continued monthly payment agreed.

Basically, ask Paul if you need clarity. He won't touch them which says it all..... (ie very high risk of losing).

That's enough for me!

Yeah thats a real shame.

I get a bit aggy when I see creditors like Cabot pestering people for more money when they know that cost of living is rising faster than most peoples wages.

I know they're entitled to ask for a review of payments, I just frequently see demands to double payments (or more) for no good reason other than "on assessment of your circumstances we believe you can pay £xxxx"

I have yet to see a satisfactory explanation of these psychic assessments and how they get Mystic Meg on their payroll.........

[Never-In-Doubt]

Re: Cabot and Formal Account Review

Here is the judgment --> Slater vs Egg Judgment - allaboutFORUMS

Notice the solicitor acting for the claimant (ie debtor).....

[malamute]

Re: Cabot and Formal Account Review

Basically, ask Paul if you need clarity. He won't touch them which says it all..... (ie very high risk of losing).

That's enough for me!

[Never-In-Doubt]

Re: Cabot and Formal Account Review

That's what I thought I'd read elsewhere on here. I've on another thread about re-con's but it to over my head to question it when I've other more straight forward accounts and this one.....should be kept off my back now I've a continued monthly payment agreed.

Basically, ask Paul if you need clarity. He won't touch them which says it all..... (ie very high risk of losing).

[malamute]

Re: Cabot and Formal Account Review

We (the consumer) lost the Egg case at High Court.

Slater v Egg is a High Court ruling which was in the Mold District Registry and where HHJ chambers QC ruled Egg agreements did comply with the requirements of s61(1) A CCA 1974

That's what I thought I'd read elsewhere on here. I've on another thread about re-con's but it to over my head to question it when I've other more straight forward accounts and this one.....should be kept off my back now I've a continued monthly payment agreed.

[Never-In-Doubt]

Re: Cabot and Formal Account Review

indeedy!! - Niddy says its Enforceable and I read that we (the consumer) lost the battle at the high court and it can be risky re-visting these agreements so I'm concentrating on the other actual UE or blaggables.

We (the consumer) lost the Egg case at High Court.

Slater v Egg is a High Court ruling which was in the Mold District Registry and where HHJ chambers QC ruled Egg agreements did comply with the requirements of s61(1) A CCA 1974

[malamute]

Re: Cabot and Formal Account Review

Is your dad a homeowner (sole name)...? If not then what harm would a CCJ do...?

Joint homeowner with My Mum.

[Never-In-Doubt]

Re: Cabot and Formal Account Review

Is your dad a homeowner (sole name)...? If not then what harm would a CCJ do...?

[malamute]

Re: Cabot and Formal Account Review

Pity its not UE. They're lucky to be getting anything at all!

indeedy!! - Niddy says its Enforceable and I read that we (the consumer) lost the battle at the high court and it can be risky re-visting these agreements so I'm concentrating on the other actual UE or blaggables.

[SaltnVinegar]

Re: Cabot and Formal Account Review

Update on this - and they're "happy" that my payments remain at their current level. Although they did remind me that it will take ages! errr bovvered.

Pity its not UE. They're lucky to be getting anything at all!

[malamute]

Re: Cabot and Formal Account Review

Update on this - and they're "happy" that my payments remain at their current level. Although they did remind me that it will take ages! errr bovvered.

One quick question to other people paying cabot (if there are any unfortunate enough to be) they had an account login.....but the link on their homepage has gone and the email link doesn't work.

Don't want to call them either.

[The Tech Clerk]

Re: Cabot and Formal Account Review

CCJ probably if they got not knowing the circumstances if the account has been challenged might produce a lower figure anyway?

[The Tech Clerk]

Re: Cabot and Formal Account Review

I would get him to consider writing back thanking them for the opportunity to review his account.

Inform them that his income has not altered and is still earning £x/month, however with the rise in things like gas/electric, council tax, fuel, food etc that his surplus income is now less than when he first came to the arrangement, therefore may have to consider reducing his payments.

However, as a gesture of goodwill he will continue to pay £100/month if he can, unless a review of his finances demonstrates this is unsustainable.

This is usually enough to make them scurry back under the rock they crawled from.

Yep! £1.00 a month or Quarter would be the figure,well be nice the greedy buggers

[Undercover Elsa]

Re: Cabot and Formal Account Review

Yep that's a great answer SnV

[SaltnVinegar]

Re: Cabot and Formal Account Review

I would get him to consider writing back thanking them for the opportunity to review his account.

Inform them that his income has not altered and is still earning £x/month, however with the rise in things like gas/electric, council tax, fuel, food etc that his surplus income is now less than when he first came to the arrangement, therefore may have to consider reducing his payments.

However, as a gesture of goodwill he will continue to pay £100/month if he can, unless a review of his finances demonstrates this is unsustainable.

This is usually enough to make them scurry back under the rock they crawled from.